Petrofac Ltd (LON:PFC) Rating Reaffirmed
London: In analysts report revealed to investors on 11 December, Nomura reiterated their Buy rating on Petrofac Ltd (LON:PFC) shares. They now have a GBX 1080 TP on the firm. Nomura’s target implies a potential upside of 40.72% from the company’s close price.
From a total of 18 analysts covering Petrofac Ltd (LON:PFC) stock, 9 rate it a ”Buy”, 3 a “Sell”, and 6 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is GBX 19.6 while the lowest target price is GBX 11.7. The mean of all analyst targets is GBX 15.03 with a 31.65% above today’s (GBX 768) stock price. Petrofac Ltd was the topic of 57 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Nomura maintained shares on December 11 with “Buy” rating. Societe Generale maintained shares with “Buy” rating and GBX 1019 target share price in a report from a December 1. Jefferies maintained PFC stock in a recent report from December 7 with “Hold” rating. Barclays Capital maintained the rating on November 27. Barclays Capital has a “Overweight” rating and a GBX 1400 price target on shares. Finally, Mirabaud Securities maintained the stock with “Buy” rating in a report issued on a December 3.
Approximately 514,719 shares of stock traded hands. Petrofac Limited (LON:PFC) has declined 11.55% since May 14, 2015 and is downtrending. It has underperformed by 8.53% the S&P500.
Petrofac Limited is an international service well-known provider to the gas and oil production and processing industry, with a diverse client portfolio, including various integrated, independent and national gas and oil companies. The company has a market cap of 2.60 billion GBP.